Unconventional monetary policies and their impact on the economy Essay

Unconventional monetary policies and their impact on the economy - Essay Example Funding the affected financial institutions resolves this by empowering the banks to lend and the advanced amount can then be invested in the economy towards growth. The policy also ensures stability of financial institutions when the institutions’ liquid base becomes insufficient for operations and therefore improves flow of money despite existing interest rates (International Monetary Fund, 2013). Aggressive liquidity provision defines advancement of finances to financial institutions as a backstop in order to mitigate adverse risks or ultimate failure of financial institutions. Rational run off and lost confidence in financial institutions are some of the concerns that aggressive liquidity provision prevents and both financial institutions and intermediaries are beneficiaries. The policy empowers banks and facilitates lending roles. This then promotes circulation of money and investments into economic growth and strong balance sheets of financial institutions and intermediaries for confidence in the institutions (International Monetary Fund, 2013). This involves operations for strengthening the environment in which financial institutions operates. The policy aims at ensuring stability of asset prices and the institutions’ ability and willingness to lend through elimination of risks. One of the ways of extending support is through purchase of private assets. Assets are used as security for borrowings and their value determine risks in lending as well as lending costs. Assets that securitize mortgages and other loans offer example of the role of the policy. Lost value in the assets means inability of financial institutions to recover their money in cases of default, with subsequent effects of reduced liquidity and triggered stiff measures for lending. High asset values, when the asset is used as security, however, guarantee ability to recover lent

How One Becomes a General Manager Assignment Example | Topics and Well Written Essays - 1250 words

How One Becomes a General Manager - Assignment Example The assignment "How One Becomes a General Manager" talks about the general manager position who needs to be extensively qualified and additionally have sufficient experience in a hotel setting. This is clearly presented by Francisco Giles, who is a hotel manager of Renaissance Dubai Hotel, studied hotel management in Switzerland. Additionally made his way up in the hotel industry as he moved around different countries working in different areas including in the sales department and the food and beverages just to mention a few. This is also reflected by Marguerite Howley, a hotel owner who learned her trade by working for some of the major hotels and professionals such Gordon Ramsey before she managed to open her own hotel. Training is very essential, and the gaining of experience from different countries is vital in making one an international general manager. Based on Paul O’Connell the general manager at Castle Hotel located in Ireland, he believes that an international mana ger would require working in different countries to gain from different cultures and different management styles. A properly qualified GM needs to be in the hotel business for at least 25 years as illustrated by Francisco Giles, who himself has been in the industry for over twenty-five years. A good manager needs to have a diverse personality and be able to deal with the diverse clients. Additionally, a good manager as the hotel industry keeps on changing it would require that a manager is always abreast with the happenings in the hotel industry.